The Great Debate UK

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For the last three years talk about the global economy has been decidedly negative. Firstly there was the sub-prime housing crisis in the U.S., then the sovereign debt crisis, now we wonder whether the euro will survive and whether China will suffer a “hard” economic landing.

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Although the role of political parties in Africa has changed dramatically since the sweeping reintroduction of multi-party politics in the early 1990s, Africa’s political parties remain deficient in many ways, particularly their organizational capacity, programmatic profiles and inner-party democracy.

from The Great Debate:

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Twenty five years ago, in the aftermath of a devastating famine in Ethiopia, remembered for better and worse for Bob Geldof's Bandaid concerts, I wrote a book called "Famine: A Man-Made Disaster?" The question mark said it all. I ghostwrote the book for a group of African and other leaders who were more tentative than I was in declaring what had happened was largely the fault of African governments. So the great men added a question mark.

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It seems barely a week goes by without another shock report about the ever-widening gap between those at the top of the earnings distribution and the rest of us. The facts are by now well-established. Throughout the Western world, but most noticeably in Britain and America, the earnings of the top one or two percent are accelerating into the stratosphere, leaving the middle class a long way behind, and the working class completely out of sight. How can one explain this global phenomenon?

from Newsmaker:

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Africa’s abundance -- from diamonds and coffee to cacao, rare minerals, natural gas and oil -- is well known, though laced with images of corruption, genocide, and famine. Fifty-four nations comprise the African continent and yet how many of us can name more than a dozen of those countries and begin to differentiate their strengths commercially?

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-Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own.-

from Chrystia Freeland:

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Get ready for the next wave of globalization. The emergence of the emerging markets is old news, of course: after all, Tom Friedman discovered that the world was flat back in 2005. But even as much of the developed world is struggling with weak consumer demand and stubbornly high levels of unemployment, the emerging market countries are writing a new chapter in the story of the global economy.